Converting one asset into another

Convert exchanges one asset for another at a price we quote you, without placing an order on the order book. You pick what to convert from and what to receive, and the exact amount you will receive is on the screen before you confirm.

Convert opens from your dashboard, your portfolio and the More menu once you are signed in.

How the price is set

The quoted price is built from the orders resting on our own order book for that pair, and it already includes a spread over the market price. A conversion carries no separate trading fee — the spread is what EBCMX charges for it, and the review screen says so before you confirm.

The fees page states the spread. It is read from the same settings the quote engine runs on, so what is published and what you are quoted cannot differ — which is why no figure is written into this article.

The price is firm, and it expires

Your price locks when you press Review and stays firm for a short window while you decide; the screen counts that window down, and the fees page states how long it is. Confirm inside it and you receive the amount you were shown. Let it lapse and nothing has happened to your balance — take a new quote at the price of the moment.

Conversions are final once confirmed. There is no undo and no cancelling one afterwards.

What converts into what

A conversion runs on a pair that trades here, so an asset converts into the assets it trades against directly. The form offers only what it can price, and it tells you when a pair is unavailable rather than quoting something it cannot fill.

There is a minimum conversion and a maximum per quote. Both are checked when you ask for the price, and the form names the amount when you are under or over. A quote is also refused when the book cannot support that size at that moment — you are told, and nothing is converted.

Where the conversion shows up

Every conversion appears in History under Trades, marked Convert, with the market, the amount and the date. Its fee column shows the disclosed spread rather than a charge, because there was no separate charge. The balances that moved appear under Ledger typed Convert — not as an ordinary trade — and carry no fee amount there, for the same reason.

Conversions do not count toward the 30-day trading-volume measure that sets your fee tier.

• How Convert is priced
• Converting small balances
• How trading fees work